Wells Fargo and United Way Fight Hunger this Holiday
Mary Sellers, U.S. President of United Way Worldwide, discusses the company's long history with Wells Fargo and this holiday's mission to fight hunger across the U.S.
Wells Fargo will have pop-up food banks at 5,900 branch locations across the U.S., covering 17 different cities. Customers will be able to donate non-perishable items to their local food banks. The initiative began on Giving Tuesday and will run through the end of December.
Sellers talks about the controversy Wells Fargo has faced with its phony accounts scandal over the last year, noting United Way's long-time relationship with the bank. She adds that this campaign to raise awareness about hunger is integral to what Wells Fargo is and not merely an attempt to help its image.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
The U.S. economy added 272,000 jobs in May, far more than expected. But that number doesn't tell the whole story. Interest rate cuts could still be on the way.
